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you talk about the greek fiscal cliff. we have our own and people here say we could be the next greece. how does that make you feel when you hear that kind of talk from american politicians, american business people, american citizens? >> extremely worrisome because you represent 25% of the global economy whereas greece, which wasn't the cause of the european crisis, only represents 2% of the european gdp. so if you guys were to actually have such deep problems, then it would mean problems for everyone globally and no one would want that. i'm sure that you'll be able to find the right solution by the end of december. >> let us hope. mr. michalos, thank you very much. sue? >>> thank you, ty. two big winners in that $587 million record powerball lottery. but how much do you really need to earn to make you happy? the answer may surprise you. >>> and before you fill up your tank with gas, listen up. aaa is warning regulators to stop sales of a certain type of fuel at the pump because it could damage your car and void your car
you talk about the greek fiscal cliff. we have our own and people here say we could be the next greece. how does that make you feel when you hear that kind of talk from american politicians, american business people, american citizens? >> extremely worrisome because you represent 25% of the global economy whereas greece, which wasn't the cause of the european crisis, only represents 2% of the european gdp. so if you guys were to actually have such deep problems, then it would mean...
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. >>> the fiscal cliff talks just turned into the godfather. part 2. >> america only thrives when we have a strong and growing middle class. >> the president hits the road today. >> back on the road today. >> to sell his proposal to avoid the fiscal cliff. >> we've got important decisions to make. >> obama played a kind of hard ball. >> let's play hall. >> all of us have to get out of our comfort zones to make that happen. >> we are ready to work for the president. >> buffed the president's proposal. >> the wrong approach. >> tim geithner brought them a deal. >> it didn't go bellwell. >> they thought was lewdrous. >> gave republicans nothing. >> my offer is this. >> my offer is this. >> nothing. >> nothing. >> republicans were very much offended. >> mitch mcconnell lasted at the offer. >> burst into laughter. >> laughing at the president's package -- >> that catch them by surprise at all? >> they have to come up with their pennsylvania package. >> we are ready to work with him. >> i promise ton laugh at it. >> we can solve these problems. >> we
. >>> the fiscal cliff talks just turned into the godfather. part 2. >> america only thrives when we have a strong and growing middle class. >> the president hits the road today. >> back on the road today. >> to sell his proposal to avoid the fiscal cliff. >> we've got important decisions to make. >> obama played a kind of hard ball. >> let's play hall. >> all of us have to get out of our comfort zones to make that happen. >> we are...
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Dec 6, 2012
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you had a gentleman on the other day talking about the fiscal cliff situation. he seemed very well qualified to discuss the subject and answer questions. there is one thing that people do not seem to understand about deficits
you had a gentleman on the other day talking about the fiscal cliff situation. he seemed very well qualified to discuss the subject and answer questions. there is one thing that people do not seem to understand about deficits
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of course the parties want to avoid a fiscal cliff. but what conservatives want is to make 180-degree turn in fiscal policy towards lower taxes, lower spending, and greater prosperity. most importantly opportunity for all. >> i love that. i want you it talk that through with peter goodman. peter goodman, appreciate it. nan hey worth. one of our next guests believes the house republicans should dive head first off the fiscal cliff. oh, my god. he's going to have to explain that one to me. don't forget, folks, free market capitalism is the best bet to prosperity. let me just underscore the prosperity part. we need a lot more of it. i'm kudlow. we'll be right back. >>> welcome back to "the kudlow report." the new york mets agreed to a megamillion dollar contract extension for all star third baseman david wright today. he's not alone in this year-end wheeling and dealing. we're going to explain why baseball's feeling a fiscal cliff tax frenzy. that coming up in about 30 minutes. >>> now switching gears, with just 33 days until the country'
of course the parties want to avoid a fiscal cliff. but what conservatives want is to make 180-degree turn in fiscal policy towards lower taxes, lower spending, and greater prosperity. most importantly opportunity for all. >> i love that. i want you it talk that through with peter goodman. peter goodman, appreciate it. nan hey worth. one of our next guests believes the house republicans should dive head first off the fiscal cliff. oh, my god. he's going to have to explain that one to me....
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the president traveled to pennsylvania to visit a small business today to talk about the fiscal cliff. unfortunately, it's the president and members of his own party who were proposing that we let many small businesses, as in hundreds of thousands of them, go over the fiscal cliff. simply put, that's why we don't have an agreement as yet. they said yesterday this is not a game. i used to be a small business owner. small business owners are regular men and women from all backgrounds who, in today's economy, are facing challenges on a daily basis. and the president's tax increase would be another crippling blow for them while doing little to nothing to solve the bigger problem here, which is our national deficit and our national debt. this debt doesn't exist because we don't tax small businesses enough. it exists because washington continues to spend too much. raising taxes on small businesses instead of taking a balanced approach that also cuts spending is wrong. it's only going to make it harder for our economy to grow. and if our economy doesn't grow, americans don't get new jobs. an
the president traveled to pennsylvania to visit a small business today to talk about the fiscal cliff. unfortunately, it's the president and members of his own party who were proposing that we let many small businesses, as in hundreds of thousands of them, go over the fiscal cliff. simply put, that's why we don't have an agreement as yet. they said yesterday this is not a game. i used to be a small business owner. small business owners are regular men and women from all backgrounds who, in...
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he said "republicans are seriously considering a doomsday plan if fiscal cliff talks collapse entirely. it would be quite simple. house republicans would allow a vote on extending the bush middle class tax cuts. that bill already passed in august in the senate. and offer the president nothing more. no extension to the debt ceiling, nothing on unemployment, nothing on loopholes. congress would recess for the holidays and the president would face a big battle early in the year over the debt ceiling. ." two republican officials tell me this is becoming the most likely scenario. "the new york times" added more detail including this amazing quote from rep michael c. burgess of texas. "there's always better ground, but we have to get there." in this case the better ground is exchanging the threat of a congressionally induced recession for the threat of a congressionally induced global financial crisis combined with recession. that, that is your better ground? that's a big plan? it's not -- it's not better ground for the economy. and, frankly, i find it difficult to see how it's better politi
he said "republicans are seriously considering a doomsday plan if fiscal cliff talks collapse entirely. it would be quite simple. house republicans would allow a vote on extending the bush middle class tax cuts. that bill already passed in august in the senate. and offer the president nothing more. no extension to the debt ceiling, nothing on unemployment, nothing on loopholes. congress would recess for the holidays and the president would face a big battle early in the year over the debt...
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fiscal cliff talks are they a nonstarter? >> i tell you, you listen to everything that is being said publicly. you see the president there. it's clear that the election, yes, is over. but the campaign goes on here. you know, i really believe that there two things that are clear from the white house to republicans. we are still in preliminary stages here, which is the good news, considering they are far apart. number two, the white house clearly feels it has the upper hand. it came with the $1.6 billion in new revenues and that's twice what the president was talking about before the election. republicans, obviously, rejecting it out of hand. we all heard by now republican leader in the senate mitch mcconnell laughed at it. there you see some of the provisions there. $600 billion in savings. some of it from medicare, another 50 billion in spending and new spending on infrastructure and stimulus spending. that's something that republicans aren't going to want to go to. the two sides are far apart. here we are on december 1st, th
fiscal cliff talks are they a nonstarter? >> i tell you, you listen to everything that is being said publicly. you see the president there. it's clear that the election, yes, is over. but the campaign goes on here. you know, i really believe that there two things that are clear from the white house to republicans. we are still in preliminary stages here, which is the good news, considering they are far apart. number two, the white house clearly feels it has the upper hand. it came with...
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a comment from this but talking about the fiscal cliff issue. -- a comment from facebook talking about the fiscal cliff issue. i want to show you a bit this morning of president obama in an interview with the bloomberg tv on tuesday talking about where he is in the debate. [video clip] >> i did not expect republicans to agree to any plan where they are betting that the entitlement reform will happen. we will have to have specific downpayments now recognizing we will have to continue to work to see if we can come up with better ideas to reduce health- care costs over the long term. that is the framework we are operating on. within that framework, i am happy to be flexible. i recognize i will not get 100%. i will not agree to a plan a in which we have some revenue that is vague and potentially comes out of the pockets of middle- class families in exchange for some very specific entitlement cuts that would affect seniors or other folks who are vulnerable. host: president obama with the bloomberg tv. next up, sarah on the republican line. caller: i think president obama is blackmailing the
a comment from this but talking about the fiscal cliff issue. -- a comment from facebook talking about the fiscal cliff issue. i want to show you a bit this morning of president obama in an interview with the bloomberg tv on tuesday talking about where he is in the debate. [video clip] >> i did not expect republicans to agree to any plan where they are betting that the entitlement reform will happen. we will have to have specific downpayments now recognizing we will have to continue to...
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this all comes as we get word that the fiscal cliff talks will boil down to what happens between two people and only two people. president obama and john boehner. even all sides of the party are excluded. >>> with 25 days before taxes go up for nearly every single american, what effect will the jobs report have on the fiscal standoff? we'll get live remarks from john boehner who is going to try to use the jobs report to the republican's advantage. representative, let's start with the november jobs report numbers. they look very good, good news overall for the koirnlt tree. but speaker boehner said this, the democrats plan to slow walk our economy to the edge of the fiscal cliff instead of engaging in serious talks to avert the cliff, that includes spending cuts and tax reforms the president once supported. the white house has only offered a joke. i understand we have speaker boehner to the microphones. let's take a listen. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. eight days ago secretary geithne
this all comes as we get word that the fiscal cliff talks will boil down to what happens between two people and only two people. president obama and john boehner. even all sides of the party are excluded. >>> with 25 days before taxes go up for nearly every single american, what effect will the jobs report have on the fiscal standoff? we'll get live remarks from john boehner who is going to try to use the jobs report to the republican's advantage. representative, let's start with the...
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Nov 29, 2012
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we are talking about so-called fiscal cliff issues. today we are looking at the payroll tax cut issue. this will be coming up in just a moment with kim dixon of reuters. here is an update from c-span radio. >> tim geithner and rob neighbors are meeting at the capitol with how to avoid tax increases and spending cuts. stock futures are up on the expectation that progress will be made towards reaching a fiscal agreement. dow features are up over 60 points. lord justice levenson is about to release his report into a phone hacking. the investigation lasted 12 months. the report will make recommendations on future press regulations and is expected to criticize politicians and police. david cameron will be making a statement in response to the report. c-span is covering these events. jay rockefeller is weighing in on this investigation saying that he hoped the report would contain to clear the air and hold the media organizations involved accountable for their deplorable conduct. "i understand the main goal is to make policy recommendations.
we are talking about so-called fiscal cliff issues. today we are looking at the payroll tax cut issue. this will be coming up in just a moment with kim dixon of reuters. here is an update from c-span radio. >> tim geithner and rob neighbors are meeting at the capitol with how to avoid tax increases and spending cuts. stock futures are up on the expectation that progress will be made towards reaching a fiscal agreement. dow features are up over 60 points. lord justice levenson is about to...
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caller: well, you're talking about the fiscal cliff. that could be sucked out. $1.5 trillion out of our economy a year for oil and war. that's texas and virginia. texas and virginia is your war. now you're talking about taxes. if voted -- go to delaware. that's where all your tax shelters are and your credit card companies. a trillion dollars in credit card debt. now you go to the state of new york -- host: you're saying overall states are the problem? >> there's three states in this country that are responsible for 95%. you have the east coast jews. host: ok. wild and wonderful from twitter this morning, better the fiscal cliff than the one that could result from a compromise for compromise's sake. on the democrats line, hi. caller: thank you for taking my call. host: go ahead. caller: no problem. i just wanted to say that, you know, -- awful smart guy came one some pretty good ideas. i live in right-wing -- i mean, this is very republican and conservative area, here. and just about everybody i know , the republicans want to see taxes
caller: well, you're talking about the fiscal cliff. that could be sucked out. $1.5 trillion out of our economy a year for oil and war. that's texas and virginia. texas and virginia is your war. now you're talking about taxes. if voted -- go to delaware. that's where all your tax shelters are and your credit card companies. a trillion dollars in credit card debt. now you go to the state of new york -- host: you're saying overall states are the problem? >> there's three states in this...
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i want to talk to you about the fiscal cliff. but, first, i want to talk about jim demint. >> sure. >> what is this say about the senate, about the ability of someone like jim demint, an avowed conservative, to accomplish what he wants to accomplish within that chamber, that he felt the need or saw the opportunity to step outside of the chamber? what does that say about the folk like yourself who are still within it? >> well, jim demint is going to continue to be a leader in this country for years to come. specifically on conservative issues. he's going to continue to push for ways to cut spending and to limit the size of government. and i welcome that. he's choosing to do it outside now rather than inside the senate but he's had a huge, positive influence on the senate and we're going to continue to see that for years to come. >> senator, this may seem like a simple question, but i wonder, and a lot of people do is the senate from your perspective, is the senate a difficult place to be if you are someone who comes from executive
i want to talk to you about the fiscal cliff. but, first, i want to talk about jim demint. >> sure. >> what is this say about the senate, about the ability of someone like jim demint, an avowed conservative, to accomplish what he wants to accomplish within that chamber, that he felt the need or saw the opportunity to step outside of the chamber? what does that say about the folk like yourself who are still within it? >> well, jim demint is going to continue to be a leader in...
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. >> can't think after better way to start my weekend than talking fiscal cliff to you. >> means a lot to me. >> i know. >> the daily beast said obama just got re-elected. it is a classic time for magnonimity. which i think i just mispronounced. do you think obama has a hard line at the wrong time? >>. if sullivan means that obama should negotiate with himself, which you point out, hasn't worked for him before, and b, isn't the way it move forward once you won an election with the what you are arguing over, i disagree. the right way to negotiate is not to come out and say, here is what we want republicans. here is what we want. here is your opening bid as you correctly name this, let's hear yours. >> one thing ways surprised to see in the white house opening bid, the fiscal cliff, which we like to call the austerity crisis because it is just too much austerity, it centers around the reduction and there is too much deficit reduction. the white house add lot of stimulus which folks like your group and you in particular have been calling for for some time. were you surprised to see it in
. >> can't think after better way to start my weekend than talking fiscal cliff to you. >> means a lot to me. >> i know. >> the daily beast said obama just got re-elected. it is a classic time for magnonimity. which i think i just mispronounced. do you think obama has a hard line at the wrong time? >>. if sullivan means that obama should negotiate with himself, which you point out, hasn't worked for him before, and b, isn't the way it move forward once you won an...
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>> everyone talks about the fiscal cliff. i referred to it as the fiscal speedbump. no matter what happens, we are not going to revert a tax increase in some kind of drag on economic activity next year. even if there is no grand bargain that we are all talking about, the shrinking of the federal deficit, whether by spending cuts or tax increases, it will be a drag on economic growth for the next few years. dagen: is that what you have 1.63 roughly on the ten year? >> the federal reserve is drunk. while back the fed is distorting the bond work it. dagen: does it make sense that the fed is likely to continue the bond buying into the next year? does that make any sense on the planet? >> well, look, i thought qe1 was absolutely essential. qe2 i understood why we did it. qe3, i do not get it. i think the fed is making a mistake here. they could have achieved the same or even a better objective by following a different policy. this is the path we are on. doctor bernanke is obviously completely preoccupied with the risks of having a depression and he is throwing as much mon
>> everyone talks about the fiscal cliff. i referred to it as the fiscal speedbump. no matter what happens, we are not going to revert a tax increase in some kind of drag on economic activity next year. even if there is no grand bargain that we are all talking about, the shrinking of the federal deficit, whether by spending cuts or tax increases, it will be a drag on economic growth for the next few years. dagen: is that what you have 1.63 roughly on the ten year? >> the federal...
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cliff talks. all tomorrow on fox news sunday, check your local listings for the time and channel in your area. >> heather: wicked weather out west pounding parts of northern california for a second day in a row. the rain soaked area bracing for more stormy weather today. new warnings of potential mudslides and flash floods after yesterday's system washed out streets, brought down power lines, knocking out electricity to thousands. dominic is live for us with the latest. dominic? >> hi there. worst yet to come. this third storm coming through overnight tonight. no one really sure quite should have water it's going to drench the region with. we had two major storms come through that dumped so much, that we've seen flooding everywhere. first person reports coming in of probably being damaged, particularly down in fulsome where a park became flooded and the water gushed through people's homes. here is one of the residents affected by that. listen to what he saw. >> i don't have carpet. >> it clogged u
cliff talks. all tomorrow on fox news sunday, check your local listings for the time and channel in your area. >> heather: wicked weather out west pounding parts of northern california for a second day in a row. the rain soaked area bracing for more stormy weather today. new warnings of potential mudslides and flash floods after yesterday's system washed out streets, brought down power lines, knocking out electricity to thousands. dominic is live for us with the latest. dominic? >>...
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alan simpson briiging fiscal cliff talks to a whole new level. neil cavuto is up next with his trademark move. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. relieving the pain quickly. i have obligations. cute tobligations, but obligatio.ing. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishas core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for tir etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. melissa: it is time for stocks now as we do every 15 minutes. let's head to the floor of the new york stock exchange. our own nicole petallides standing by.
alan simpson briiging fiscal cliff talks to a whole new level. neil cavuto is up next with his trademark move. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. relieving the pain quickly. i have obligations. cute tobligations, but obligatio.ing. i need to rethink the core of my...
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he's also said president obama has an incentive to allow the country to just go on over the fiscal cliff and then blame the republicans for it. just before we went on air tonight, senator max bachus, who >> yeah. the senator pretty serious about that. bottom line, tonight both sides say that talks are stalled. the democrats are turning up the pressure on republicans. in a moment, our political panel will have some fun with this one, certainly about the president's opening offer, but first, congressman lee terry joins me live. i know there's a bit of a delay so i will ask the question, we can wait a moment and i will get your answer. i love it when politicians talk from the hip, especially using colorful language like "we're screwed either way," but i don't understand what you mean, because as i see it, there's still this extraordinarily powerful tool called the debt ceiling and y'all have to be on board for that. so how do you not see that as a good tactic for negotiating? >> well, that is probably the only level of leverage we have, but what many of us fear, we come back from the electi
he's also said president obama has an incentive to allow the country to just go on over the fiscal cliff and then blame the republicans for it. just before we went on air tonight, senator max bachus, who >> yeah. the senator pretty serious about that. bottom line, tonight both sides say that talks are stalled. the democrats are turning up the pressure on republicans. in a moment, our political panel will have some fun with this one, certainly about the president's opening offer, but...
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cliff. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. so right now all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. >> speaker boehner said the president needs to get serious about what spending cuts he's willing to make. but that was news to senate majority leader harry reid. >> he says that democrats have got to get serious about cuts, spending cuts. where is the disconnect then? >> i don't understand his brain, so you should ask him, okay? >> he's not alone. all this comes as treasury secretary tim geithner held separate meetings today with boehner, reid, nancy pelosi, and mitch mcconnell, and over at the white house spokesman jay carney said the debt ceiling should not be a pawn in any kind of fiscal gamesmanship. >> asking for a -- that a political price be paid in order for congress to do its job to ensure that the united states of america pays its bills and does not default for the first time in its history is deeply irresponsible. >> now, if you're sensing a distinc
cliff. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. so right now all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. >> speaker boehner said the president needs to get serious about what spending cuts he's willing to make. but that was news to senate majority leader harry reid. >> he says that democrats have got to get serious about cuts, spending cuts. where is...
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they're going that on the fiscal cliff right now. what are you hearing? are we making progress or not? >> i think we're definitely making progress. i think your previous guest who talked about the dance of this process were right. i think maria is right it's a little too late in the game for first salvos, but that's what these are. they go to the 11th hour. they will this time. there is a possibility for a deal around $1 trillion in increased revenues, $1 trillion in spending cuts. how you get the revenue remains to be seen. there will be marginal rate increases. we're going to get a deal. we might get a house vote where it fails and the stock market tank, but they'll get a deal before christmas and we'll be fine. >> by the end of the year. ben, thanks so much. good to talk with you. see you soon. >> an announcement by the supreme court of the united states moving one stock. kayla has this market flash. >> bill, the supreme court announcing just moments ago that it will evaluate whether you can patent specific human genes. why is that moving myriad geneti
they're going that on the fiscal cliff right now. what are you hearing? are we making progress or not? >> i think we're definitely making progress. i think your previous guest who talked about the dance of this process were right. i think maria is right it's a little too late in the game for first salvos, but that's what these are. they go to the 11th hour. they will this time. there is a possibility for a deal around $1 trillion in increased revenues, $1 trillion in spending cuts. how...
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about the fiscal cliff. we don't know a lot about what they talked about. the meeting was about an hour long. they had white turkey chili and southwestern chicken salad. but molly, this is the first time they've seen each other since the election. what do you say beyond congratulations, mr. president? >> goodness knows. it's pretty telling that the most newsworthy item out of that meeting was the lunch menu. the readout we got from the white house was very sort of boilerplate. we do know what didn't happen, unless there's something they're not telling us. romney was not offered a job or a post in the administration, as some had speculated might happen as sort of a conciliatory gesture. who knows if he would have taken that or wanted something like that. it was sort of very tepid, the language that we got, that they would work together in the future if opportunities arose on issues they were both interested in, and they discussed american leadership in the world, which is about the closest you can come to say
about the fiscal cliff. we don't know a lot about what they talked about. the meeting was about an hour long. they had white turkey chili and southwestern chicken salad. but molly, this is the first time they've seen each other since the election. what do you say beyond congratulations, mr. president? >> goodness knows. it's pretty telling that the most newsworthy item out of that meeting was the lunch menu. the readout we got from the white house was very sort of boilerplate. we do know...
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a very stark assessment from the house speaker on where the fiscal cliff talks stand with 24 days to go. where should you put your money heading into this weekend? could be a very crucial weekend. >>> no worries. with the unemployment rate still near an 8% level, why some companies can't find workers. there's work and it is not a skills gap. we'll show you what else is being factored in to that equation. >>> and no fair, perhaps? well, a big change at big blue. ibm changing the way it pays down its 401(k). will other companies follow suit? tyler mathisen, my partner, who is always fair, always working, and is always a work in progress, according to this, is at new york stock exchange. hi, ty. >> i am the ultimate work in progress. thank you very much. >>> despite the assessment from the speaker of the house on the fiscal cliff, the fact he says there is no progress being made so far, the dow sort of playing past it. right now the industrials up by 46 points at 13,120 and change. apple is part of the nasdaq. apple down $14 a share. another 2.66% today as scott mentioned a moment ago,
a very stark assessment from the house speaker on where the fiscal cliff talks stand with 24 days to go. where should you put your money heading into this weekend? could be a very crucial weekend. >>> no worries. with the unemployment rate still near an 8% level, why some companies can't find workers. there's work and it is not a skills gap. we'll show you what else is being factored in to that equation. >>> and no fair, perhaps? well, a big change at big blue. ibm changing...
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with talks to avoid the fiscal cliff deadlock and everyone saying, the other side is to blame, treasury secretary geithner scheduled a round of interviews, then, friday afternoon, speaker boehner's office called to say he wanted to come on fox news sunday, to tell his side of the story. you'll hear from boehner in a few minutes, but first here's my conversation with tim geithner about the lack of progress in steering away from that cliff. >> chris: secretary geithner, welcome back to fox news sunday. >> nice to see you, chris. >> chris: i spoke with house speaker boehner just before i came over here and he says when you present your plan to him on thursday, he said you can't be serious, and, mitch mcconnell, the senate republican leader said he burst into laughter. >> they are in a tough position now and it will be -- obviously hard for them now and they are trying to figure out where they go next and we might need to give them time to figure that out, but what we did is, what you expect from us, we laid out a very detailed, carefully designed set of spending, and t protect taxes, taxes
with talks to avoid the fiscal cliff deadlock and everyone saying, the other side is to blame, treasury secretary geithner scheduled a round of interviews, then, friday afternoon, speaker boehner's office called to say he wanted to come on fox news sunday, to tell his side of the story. you'll hear from boehner in a few minutes, but first here's my conversation with tim geithner about the lack of progress in steering away from that cliff. >> chris: secretary geithner, welcome back to fox...
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Nov 29, 2012
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but a good session on the back of that optimism for fiscal cliff talk. all except this glaring spot of red. shanghai composite finishing lower for yet another session. it keeps falling further and further. doesn't seem that there is anything that policymakers or investors can do to lift sentiment in this market. different story in the hang seng, rebounding up about 1%. so a tale of two very different markets. hang seng up nearly 20 percent year to date. if you're playing china in both markets, very, very different views. the kospi is up 1.2%. asx 200 up 0.7%. major miners in focus. bhp and ceo coming out with comments that we'll talk about later. we have the japanese market continuing their rally. it's been quite the rally over the last few week. topex you might want to watch. goldman sachs year's target up by some 8%. there is still up side of about 20%. you could see some gains if they are correct. but the knee he kay 225 recouping losses from yesterday to continue on that rally. up 1%. sharp was in focus today on talks that they may be signing some in
but a good session on the back of that optimism for fiscal cliff talk. all except this glaring spot of red. shanghai composite finishing lower for yet another session. it keeps falling further and further. doesn't seem that there is anything that policymakers or investors can do to lift sentiment in this market. different story in the hang seng, rebounding up about 1%. so a tale of two very different markets. hang seng up nearly 20 percent year to date. if you're playing china in both markets,...
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Nov 30, 2012
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house speaker boehner says fiscal cliff talks, well, they have gone, quote, almost nowhere. that is encouraging, isn't it? when will both sides finally make progress towards a deal? "wall street journal's" gerald seib met with senate minority leader mitch mcconnell. he will be here to tell us what he had to say. tracy: i'm excited. new study says which americans pay the most in taxes and probably not who you think or maybe it is. it raises questions who is really not paying their fair share. ashley: i think it is me by the way. if fiscal cliff wasn't bad enough, food prices will spike in the new year, you remember the drought, plus inaction in congress will cost you more at the checkout. tracy: i remember jeff flock out in those fields right? ashley: can't forget that. tracy: time for stocks as we do every 15 minutes. lauren simonetti on the floor of new york stock exchange today. we got another sign of consumer weakness, didn't we? >> tracy and ashley, consumer spending fell in october, first decline in five months that is keeping a cap on stocks. all three major averages i
house speaker boehner says fiscal cliff talks, well, they have gone, quote, almost nowhere. that is encouraging, isn't it? when will both sides finally make progress towards a deal? "wall street journal's" gerald seib met with senate minority leader mitch mcconnell. he will be here to tell us what he had to say. tracy: i'm excited. new study says which americans pay the most in taxes and probably not who you think or maybe it is. it raises questions who is really not paying their fair...
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Nov 30, 2012
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but again only on news of setbacks to the fiscal cliff talks. we're not going to go in and buy anything these days. you'll get some representative congressman, senator come on say you stupid idiot. you bought stock and i'm talking on a microphone. i'm sending the stock market down because there's no progress. we have not one but two huge analyst days next week. only one an opportunity to buy. starbucks is coming to town on wednesday. you better get ready for one terrific show as the one and only howard schultz i believe will tell you that business is smoking in so many places in china to the united states and that tebana will be the next generation starbucks as soon as the merger is completed. the next day yum brands. it's coming to town. that company will have some explaining to do. i will have more on what yums needs to tell us. the sting of the earnings shortfall last night will still be with us no matter how good kentucky fried chicken might taste. also we hear from lulu lem athletics. i got a situation for how to trade this wild stock. wait
but again only on news of setbacks to the fiscal cliff talks. we're not going to go in and buy anything these days. you'll get some representative congressman, senator come on say you stupid idiot. you bought stock and i'm talking on a microphone. i'm sending the stock market down because there's no progress. we have not one but two huge analyst days next week. only one an opportunity to buy. starbucks is coming to town on wednesday. you better get ready for one terrific show as the one and...
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the role of mcconnell and fiscal cliff talks will put that reputation to the test. john harwood, cnbc, lexington, kentucky. >>> let's get back to our guest host today, former chairman and ceo of honeywell. john laid out what a difficult negotiation this is going to be because both sides have entrenched and said basically we want to do it our way. i continue to not hear this talk of really bipartisanship of working together to try to find a solution. that worries me a lot. >> i think it should. you know, one of the ways it seems to me you go about this is you -- you take it out of the press, mum one. and you get the principals in a room and you -- set a framework. for example, it is pretty obvious we need a substantial change here in terms of the way we run our government expenses. so there's -- there's pretty much approval at $4 trillion is the right number over ten years. you think that would be agreed upon first. then you would put a framework on how much for taxes, no talking about what kind. how much for expenses without talking about what kind. and see if you g
the role of mcconnell and fiscal cliff talks will put that reputation to the test. john harwood, cnbc, lexington, kentucky. >>> let's get back to our guest host today, former chairman and ceo of honeywell. john laid out what a difficult negotiation this is going to be because both sides have entrenched and said basically we want to do it our way. i continue to not hear this talk of really bipartisanship of working together to try to find a solution. that worries me a lot. >> i...
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Nov 29, 2012
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cliff talks, martha. martha: we'll see. the way they speak publicly there doesn't seem to be a lot of budging on either side. we know there were pretty high profile white house meetings, but those conversations, not happening publicly right now, but are they going on behind closed doors do we think? >> reporter: we know president obama and speaker john boehner had a phone conversation last night. a source familiar with the call said it lasted more than 15 minutes. that's critical because think deal will need to be carried by the two of them, bottom line democratic leaders here on the hill will go along with the president's plan, speaker boehner needs to be able to sell it in the house, martha. martha: there was a report that there was a curt, tense conversation. now we are learning that it went on as you said, mike for 15 minutes and the men had quite a bit to talk about. we'll see where it goes. thank you, mike. >> reporter: thank you, martha. bill: the state of arizona just announcing it will not create
cliff talks, martha. martha: we'll see. the way they speak publicly there doesn't seem to be a lot of budging on either side. we know there were pretty high profile white house meetings, but those conversations, not happening publicly right now, but are they going on behind closed doors do we think? >> reporter: we know president obama and speaker john boehner had a phone conversation last night. a source familiar with the call said it lasted more than 15 minutes. that's critical because...
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we talked about the fiscal cliff. today we have cliff noran, $154 billion in assets under management. and as joe was saying during the break, we have a little bit of a drinking game. every time we mention fiscal cliff. a lot of viewers are kind of drunk by thousand. >> i'll toast with them. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's actually a good thing because it's addressing something in our country that's gotten out of control. step back the last five years, september 2007, we crossed $9 trillion in debt. thousand we're at $16.2 trillion to $16.3 trillion four years later. five years later. deficits of 1.25 trillion for the last five years. so we have a problem in our country that really needs to be resolved. we've become addicted to stimulus really through deficit spending, through 0% interest rates. >> how are you investing around this? >> we're comfortable investing in corporate bon
we talked about the fiscal cliff. today we have cliff noran, $154 billion in assets under management. and as joe was saying during the break, we have a little bit of a drinking game. every time we mention fiscal cliff. a lot of viewers are kind of drunk by thousand. >> i'll toast with them. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's...
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Dec 5, 2012
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. >> what nancy pelosi was talking about wasn't exactly the tax cuts now, fiscal cliff later. both sides have said this has to be a two-step process, there has to be some kind of commitment in downpayment on taxes and entitlement cuts and sets up a framework for broader and comprehensive tax and entitlement reform next year because it is such a big, huge change to how we tax and how we would provide medicare and medicaid and social security, you can't do it all in four books. this new idea that republicans get more leverage if they give the president taxes now and hold out on, and hold the line on the debt ceiling like they did last summer successfully is something that is new and i think a different kind of two-part plan that republicans are starting to consider as maybe a backup plan that gives them the ability to say we lost the 2% tax hikes now, but we're going to fight later on the debt ceiling. >> let me bring in congressman james lang foford, fifth rankin republican in the house, congratulations, good morning. >> thank you, good morning. >> let me ask you about the poss
. >> what nancy pelosi was talking about wasn't exactly the tax cuts now, fiscal cliff later. both sides have said this has to be a two-step process, there has to be some kind of commitment in downpayment on taxes and entitlement cuts and sets up a framework for broader and comprehensive tax and entitlement reform next year because it is such a big, huge change to how we tax and how we would provide medicare and medicaid and social security, you can't do it all in four books. this new...
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well explain what they were talking about. >> caller: they were talking about the fiscal cliff crisis and hannity was doing his best to stand on principal and just let them all burn and she was saying, what principal? what kind of principle is it to let 98% of the country have their taxes raised to save 2% of the country their tax increased. >> stephanie: yeah and then she basically said snap out of it sean we lost. >> snap out of it! >> stephanie: that's a big fred flintstone head to slap. >> you need man hands to slap a head that size. >> stephanie: right. she is more man than i will ever be. right, ann coulter. >> i'm more of a man than any liberal is. >> stephanie: thank you. that's my point. >> yeah. >> stephanie: we're going to do a jacki's health care corner but we talked about why raising the medicare eligibility age is a bad idea. and that has been floated out there and is on the table. and i'm like -- we won. as ann coulter just said. why do we need to negotiate with them on their bad ideas? >> that's right. >> stephanie: the american people are with us on all of this. we'll
well explain what they were talking about. >> caller: they were talking about the fiscal cliff crisis and hannity was doing his best to stand on principal and just let them all burn and she was saying, what principal? what kind of principle is it to let 98% of the country have their taxes raised to save 2% of the country their tax increased. >> stephanie: yeah and then she basically said snap out of it sean we lost. >> snap out of it! >> stephanie: that's a big fred...
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about the so- called fiscal cliff. for more, go to our website, c- span.org. grover norquist of americans for tax reform talks about his no tax increase pledge. that is at c-span.org. tomorrow on "washington journal ," julie rovner discusses the health care law. kem dixon looks at the payroll tax cut that was enacted in 2010 and if the white house plans to extend it. then a discussion of whether will be extended and the impact on our current economy. plusher e-mails, phone calls, and tweets. >> on 16 or 17 basis in the united states we have military run schools. the average cost per child per year in those schools is $50,000. almost four times what the rest of the public education costs. the vast majority of our bases used public schools. we could take the money we are spending today, paying every public school system 14 dozen dollars per child, and save billions of dollars per year, and with the same or better outcomes. >> this weekend, you can talk with senator tom coburn about the fiscal cliff and the future of the
about the so- called fiscal cliff. for more, go to our website, c- span.org. grover norquist of americans for tax reform talks about his no tax increase pledge. that is at c-span.org. tomorrow on "washington journal ," julie rovner discusses the health care law. kem dixon looks at the payroll tax cut that was enacted in 2010 and if the white house plans to extend it. then a discussion of whether will be extended and the impact on our current economy. plusher e-mails, phone calls, and...
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let's talk about the fiscal cliff. you've been part of many of a political standoff. senate majority leader from '89 to 1995. how wide is the chasm between what we are seeing and hearing on cable news outfits and in newspapers, how wide is the gap between that and what is actually transpiring behind closed doors? >> it's pretty wide. look both sides are trying to accomplish two things at the same time. and they mutually contradictory. one is they want to convey to the broad american public that they're reasonable, they're willing to compromise, they're not obstructionist. at the same time, they want to convey to their partisans we're not going to cave in. and so you get one message in the morning, another in the afternoon and kind of a mixture of them in the evening. >> how do you think it plays out? >> i think the president is in a very strong position. the election was pretty clear and decisive result. the american people now regard by significant numbers, the republicans as obstructionists. i think they have a very important objective, the republicans do, that is t
let's talk about the fiscal cliff. you've been part of many of a political standoff. senate majority leader from '89 to 1995. how wide is the chasm between what we are seeing and hearing on cable news outfits and in newspapers, how wide is the gap between that and what is actually transpiring behind closed doors? >> it's pretty wide. look both sides are trying to accomplish two things at the same time. and they mutually contradictory. one is they want to convey to the broad american...
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the president and boner talking about the fiscal cliff. >> they are talking on the phone. >> stephanie: no he drunk dialed him again. at all hours. >> as long as i'm there, it is open. [♪ "world news tonight" theme ♪] >> stephanie: president obama and the boner spoke by phone about the fiscal cliff. they provided no details about the negotiation, you know why, jim? because boner got too drunk and passed out. >> more bar snacks! >> stephanie: senator tom coalburn became the latest to break ranks. eric cantor said republicans want to sit down with the president. we want to talk specifics. but the fact that we can't include any in our plan -- >> we're saving them up. >> stephanie: right. aids are speculating that obama is willing to let america go over the cliff -- >> by the they are not a tax increase, they are cuts that were supposed to expire years ago. >> stephanie: thank you. the size of the problem cannot be solved without taxes going up. >> we can probably solve this in about a week. it's not that tough. but we need the conceptual break through that says we need to do an balanc
the president and boner talking about the fiscal cliff. >> they are talking on the phone. >> stephanie: no he drunk dialed him again. at all hours. >> as long as i'm there, it is open. [♪ "world news tonight" theme ♪] >> stephanie: president obama and the boner spoke by phone about the fiscal cliff. they provided no details about the negotiation, you know why, jim? because boner got too drunk and passed out. >> more bar snacks! >> stephanie:...
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. >>> apparent progress in the so-called fiscal cliff talks. it appears both sides may be digging in their heels. nbc's mike viqueira joins me from the white house with the very latest. if there's anything new to report. seems like everyone is in their own separate corners, mike. >> reporter: it's no longer november. this is december 1st. it's a new month, the last month before we go over the fiscal cliff. now both sides after a lot of bipartisan talk of compromise in that post-election period, alex, it turns out what we have now a typical washington standoff. >> the president of the united states. >> reporter: visiting a toy factory outside philadelphia, the president urged congress to act and avoid the fiscal cliff. if not, he says, taxes go up for everyone, including the middle class. >> it's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> reporter: with the election over the president has begun a new kind of campaign, for votes in congress. a series of white house meetings with business leaders, a grassro
. >>> apparent progress in the so-called fiscal cliff talks. it appears both sides may be digging in their heels. nbc's mike viqueira joins me from the white house with the very latest. if there's anything new to report. seems like everyone is in their own separate corners, mike. >> reporter: it's no longer november. this is december 1st. it's a new month, the last month before we go over the fiscal cliff. now both sides after a lot of bipartisan talk of compromise in that...
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>> make it good, ryan. >> i was going to talk about the fiscal cliff but, you know what? let's just -- >> bill clinton says the fiscal cliff is going to be solved. don't worry. >> i can't stop thinking about the python hunt richard is going to go on. >> we're going to start to hear from president obama from new cabinet picks. it will be very interesting.
>> make it good, ryan. >> i was going to talk about the fiscal cliff but, you know what? let's just -- >> bill clinton says the fiscal cliff is going to be solved. don't worry. >> i can't stop thinking about the python hunt richard is going to go on. >> we're going to start to hear from president obama from new cabinet picks. it will be very interesting.
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over the weekend, any more talks good the fiscal cliff and how are we going to get out of it? all of that in the next hour of the "full-court press." so hang around. >> this is "the bill press show." where you don't back down from a challenge. this is the age of knowing how to make things happen. so, why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor. [ music ] >> good morning, fellow americans, and welcome to the "full-court press" this friday morning, december 7th. great to see you today. thanks for being parted
over the weekend, any more talks good the fiscal cliff and how are we going to get out of it? all of that in the next hour of the "full-court press." so hang around. >> this is "the bill press show." where you don't back down from a challenge. this is the age of knowing how to make things happen. so, why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask your doctor if your heart is healthy enough for sex. do...
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Dec 6, 2012
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that being said, before we talk about fiscal cliff, we'll get because the last fiscal cliff. we had another fiscal cliff types of new with the debt limit to create a center that led to this ridiculous idea that i voted against that let's put a bunch of bad things to happen at one time because that will force washington to do something. surprise, it didn't work. here we are again. so we have to issues. number one is an immediate term to avoid doing damage. that's to avoid doing harm. so we need to look for a way to accomplish that in the short term. then we have had a conversation about getting the fiscal house in order it's just fundamentally true. we spend a trillion dollars a year more than we take in to assist attack. i approached this issue that the only way we can get that in order is to rapid economic growth. there's no taxes to raise. what the presidential post does not raise enough revenue, but it will make a dent on job creation, particularly middle-class job creation. so that's why i oppose this blanket instead i think we should do real tax reform. if there are loop
that being said, before we talk about fiscal cliff, we'll get because the last fiscal cliff. we had another fiscal cliff types of new with the debt limit to create a center that led to this ridiculous idea that i voted against that let's put a bunch of bad things to happen at one time because that will force washington to do something. surprise, it didn't work. here we are again. so we have to issues. number one is an immediate term to avoid doing damage. that's to avoid doing harm. so we need...
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. >>> jim iuorio, let's talk about these fiscal cliff expectations. are you seeing anything in this debate, jim, that you think of as investable, actionable, right now? >> well, sure. we tend to think of this as a binary event. either we come to a solution or don't come to a solution. i say that's not the case. there's three different things. one we come to a solution the market accepts and likes, one that it hates or we go over the fiscal cliff. one that the market hates and going over the fiscal cliff seem more likely to me. either one will be an economic drag. i like procter & gamble, big companies with good cash flow that are somewhat recession proof. >> thank you very much, jim iuorio. >>> in the weeks before christmas, not a creature was stirring. not even the house. accept, of course, on twitter where one of the top trending words is cliffmas. in a fiscal cliffmas used in a tweet from the reformed broker, josh brown. according to the congressional daily, the hill, illinois senator dick durbin also jumped on the phrase this week, "21 days until
. >>> jim iuorio, let's talk about these fiscal cliff expectations. are you seeing anything in this debate, jim, that you think of as investable, actionable, right now? >> well, sure. we tend to think of this as a binary event. either we come to a solution or don't come to a solution. i say that's not the case. there's three different things. one we come to a solution the market accepts and likes, one that it hates or we go over the fiscal cliff. one that the market hates and...
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to avoid the so-called fiscal cliff. utah congressman jason chafe fits joins me now. the president was campaigning today in campaign mode certainly and basically what the democrats and the white house are saying is this is what the american people voted for. all of the exit polls show that there is strong support, more than 60% of the voters, support tax increases for the wealthy. so how do you counter that? >> well, the president also said he was for a balanced approach and what we haven't seen is what is the other side of that balance? the president said he was going to help curb back the debt and tackle this deficit. instead, the president has the gull to actually go out and suggest that we should get rid of the debt ceiling votes and take away congress' ability to help put a lid on that. essentially wants a limitless credit card. that is a nonstarter for us in the house of representatives and the president should share with us what he thinks he should be cutting. not just 10, 20 years out in advance, what are we goin
to avoid the so-called fiscal cliff. utah congressman jason chafe fits joins me now. the president was campaigning today in campaign mode certainly and basically what the democrats and the white house are saying is this is what the american people voted for. all of the exit polls show that there is strong support, more than 60% of the voters, support tax increases for the wealthy. so how do you counter that? >> well, the president also said he was for a balanced approach and what we...
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there is plenty of data to show that people don't even know what the fiscal cliff is. it shrinks rather than expands it. you don't spend. anti-keynesian has become the same politician involved in marriage and-- >> eliot: i distinguish between the two, the theological strand of the party is more of the social, same-sex marriage. >> i don't think there is as much distinction as you think there is. >> eliot: the second category, the tea part i began as economic empowerment. you're right. folks who say get government out of medicare, there is no logic to what they're saying. do youdo you buy it, but boehner is trying to harness and hold together that is fraught with inconsistencies. >> well, first of all i agree with sam. i think-- >> eliot: am i outvoted? i'm not sure that i like this. >> it's a distinction without a difference in the first two groups, and i don't think there is a third group left not with any power. do i think boehner is trying to rein in his caucus by sending a couple of rookie pitchers down to aa? if john boehner wanted control of his caucus he could d
there is plenty of data to show that people don't even know what the fiscal cliff is. it shrinks rather than expands it. you don't spend. anti-keynesian has become the same politician involved in marriage and-- >> eliot: i distinguish between the two, the theological strand of the party is more of the social, same-sex marriage. >> i don't think there is as much distinction as you think there is. >> eliot: the second category, the tea part i began as economic empowerment....